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The number of people in work increased by 92,000 in the 3 months to January 2017 to 31.85 million, with an increase in full-time employment (a rise of 136,000).
- The unemployment rate dropped to 4.7% in the 3 months to January 2017, from 5.1% a year earlier; it has not been lower since June to August 1975.
- The drop in the unemployment rate occurred alongside a slight increase in both the activity rate (the proportion of people aged between 16 and 64 who were economically active) to 78.4%, and the participation rate (the proportion of people aged over 16 who were economically active) to 63.6% in the 3 months to January 2017.
- The number of vacancies remained broadly unchanged.
- There appears to be a marked improvement in the matching efficiency of jobs to workers since the downturn , as suggested by the Beveridge curve.
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